AI in the market for Smart -Home technologies to benefit from the increasing integration of IoT and the forecast expectation

Ai in smart home technology market size, share & trends analysis report, by type (smart speakers with integration, Ai-enabled smart thermostats, Ai-powered Smart Lighting Systems, Ai-Ininteged Security Cameras and Systems, Ai-Enhanced Smart Appliances, Ai-Driven Home Assistants and Virtual Companions), by Application, by Connectivity, by End-User, by Region, Forecasts, 2024-2031

Insightace Analytic PVT. Ltd. terminates the publication of a market assessment report on the “Global AI in Smart Home Technology Market-(according to type (intelligent loudspeaker with AI integration, AI-capable intelligent thermostats, AI-powered smart lighting systems, AI-integrated surveillance cameras and systems, AI improved smart appliances, AI-controlled home assistants and virtual companions), according to connectivity; by end user, trends, trends, Industry analysis, industry competition analysis and industry competition analysis, Redeemer and requirements, releases, releases and requirements by 2031. “, 2031.”

According to the latest research by Insightace Analytic, the Global AI in Smart Home Technology Market is evaluated at U.S. $ 12.7 billion in 2023And it is expected to be achieved US $ 57.3 billion until 2031, with A CAGR of 21.3% During the Forecast period 2024-2031.

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The market for artificial intelligence (KI) in the Smart Home sector has recorded significant growth in recent years, which is due to technological progress and the increasing demand from consumers according to smart home solutions. Devices with AI-powered devices, including automated security systems and intelligent thermostats, use machine learning to analyze user behavior and optimize home environments for improved comfort and efficiency.

The integration of AI improves the responsiveness and adaptability of home automation systems and thus improves the overall performance. In addition, the expansion of the Internet of Things (IoT) and the progress in communication technologies are key factors that support this growth.

However, the market faces certain challenges, including concerns about data security and data protection as well as the high costs, which are associated with the implementation of complex AI systems.

List of prominent players in the AI ​​on the Smart Home Technology market:

• Apple Inc.
• Amazon.com, Inc.
• Google LLC
• Samsung
• Royal Philips NV
• Xiaomi
• Honeywell International Inc.
• LG electronics
• TP-Link Corporation PTE. LTD
• Sony
• Logitech
• Belkin
• Ecobee
• August Home
• Arlo
• Irobot corporation
• Vivint, Inc.
• Snap One, LLC
• Sonos, Inc.
• Netatmo
• anchor
• Ecovacs robotics
• Lifex

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Market dynamics

Driver:

The expansion of the Smart Home technology is powered by the increasing introduction of Internet of Things (IoT) in residential areas. Artificial intelligence (AI) improves the functionality of these devices by enabling them to communicate and make data -controlled decisions, which improves the overall efficiency.

In addition, both individuals and companies are increasingly looking for solutions to reduce the sustainability of ecological sustainability to reduce energy consumption. AI-powered smart home systems optimize energy consumption and use both sustainability goals and cost-saving goals.

In addition, significant research and development investments (FUE) of startups and established technology companies promote innovations, which leads to more advanced and characterized AI-controlled smart home solutions.

Challenges:

The integration of AI into IoT devices causes significant concerns about data security and privacy. Consumers are increasingly caring for potential threats such as identity theft, unauthorized access and data injuries in connection with the sensitive information collected by smart home devices.

In addition, the complexity of AI-controlled smart home systems for some users can make challenges in terms of installation and maintenance. The steep learning curve and the need for technical expertise could affect broader acceptance.

In addition, the lack of standardization of smart home systems and devices limits interoperability, creates challenges in the integration of different products and leads to fragmented user experiences.

Regional trends:

Artificial intelligence on the market for smart home technology in North America is expected to achieve a dominant proportion of global income and is expected to grow with a high annual growth rate (CAGR) with a high connection rate (CAGR) in the coming years. This growth is supported by the presence of leading market participants, continuous technological progress, innovative product introductions, increasing awareness of energy efficiency, the increase in state support and a growing trend towards automating smart -home automation.

Similarly, Europe is holding a significant market share that is due to a strong focus on ecological sustainability and increased investments in progressive technologies. In addition, it is expected that the introduction of strict energy efficiency regulations in the region will continue to promote market growth.

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Recent developments:

• In December 2023, at CES 2024 LG Electronics (LG), his modern agent for artificial intelligence (AI) for smart homes. With the use of robotic, artificial intelligence and multimodal technologies, LGS Smart Home Ai Agent from LG can move, learn, understand and conduct demanding conversations. LGS Smart Living solution, a companion and all-round home manager, improves the everyday life of consumers and demonstrates the company's commitment to reach its “Zero Labor Home” goal. LGS Smart Home Ai Assistant has a refined “two -legged” bike design with which it can move alone in the house. The movable leg joints of the intelligent device enable him to verbalize emotions and to conduct verbal communication with users.

Segmentation of AI on the market for smart home technology technology

AI in the smart home technology market-according to type

• Intelligent speakers with AI integration
• AI-capable intelligent thermostats
• AI-powered intelligent lighting systems
• AI-integrated surveillance cameras and systems
• AI reinforced intelligent devices
• AI-controlled home assistants and virtual companions

AI in Smart Home Technology Market- after application

• Language help and command detection
• Energy management and optimization
• Security and surveillance at home
• Environmental intelligence and context awareness
• Prediction and error detection
• Personalized home automation and behavioral analysis

AI in the market for smart home technology- for connectivity

• Wi-Fi-capable AI devices
• Bluetooth connected AI devices
• Zigbee/Z-Wave supported AI devices
• AI devices with cellular connectivity
• AI devices connected by Ethernet/cable network

AI in the Smart Home Technology Market- according to end user

• Housing settler -Ki -Smart -Home systems
• Commercial KI Smart Home Solutions
• Industry -KI applications in intelligent buildings
• AI-integrated health facilities and assisted life

AI in the Smart Home Technology Market- by region

North America-

Europe-

• Germany
• Great Britain
• France
• Italy
• Spain
• Rest of Europe

Asian-Pacific

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of the Asian -Pacific space

Latin America-

• Brazil
• Argentina
• Rest of the Latin America

Middle East and Africa

• GCC countries
• South Africa
• Rest of the Middle East and Africa

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